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Dec 31, 2012
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. >> even if they reach a deal it won't pass congress by monday night. if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4th and first bill will be introduced on the floor will be to cut taxes on middle-class families. >> the bargaining continues tonight. >> ama: in two dates, new laws to take effect in california. plus, we'll break down the incredible video that shows a plane crashing into a freeway. director of star trek movie is back in the day, we didn't have the u-verse wireless receiver. [ light laugh ] the tv stayed in one place... mmmmhmmmm. ...right next to the upstairs tv outlet. oh yeah. they can move the tv all over the place, even outside. grandpa... mmmhmm? kids have it easy nowadays. [ glasses clink ] i'm trying to tell ya. [ male announcer ] the wireless receiver, only from at&t. get u-verse tv for $29 a month for 6 months. at&t. ♪ >> ama: several new laws will take effect beginning new year's day. one is
. >> even if they reach a deal it won't pass congress by monday night. if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4th and first bill will be introduced on the floor will be to cut taxes on middle-class families. >> the bargaining continues tonight. >> ama: in two dates, new laws to take effect in california. plus, we'll break down...
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Dec 31, 2012
12/12
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KGO
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. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on the floor will be to cut taxes on middle class families. >> the bargaining continues tonight. >> the fremont please chief has called it quits. he was worked in law enforcement for more than four decade. he will be replaced by the captain. the chief will stay on the job for the next four months to help the transition. >> in two days you'll see new laws take effect in california, one law for private space travel. >> we'll break down this incredible video that show planes crashing into a freeway. >> leigh: i'm leigh glaser. will there be rain for the all-important new year's night? we'll take a look at the >> break new. hillary clinton has been admitted to the hospital with a blood clot ste
. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on the floor will be to cut taxes on middle class families. >> the bargaining continues tonight. >> the fremont...
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Dec 31, 2012
12/12
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KRON
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. >> houses of congress have passed the package of tax relief. this will impact the middle-class. the one those cuts were going to expire the u.s. was just emerging from the worst recession since the great depression. he agreed to extend those tax cuts for two more years for congress to extend federal emergency unemployment benefits. those costs are expensive. extending those to 2020, the bush era will be responsible for over one half of the total national debt. democrats insist that tax will go up for the wealthy but stay in place or under $250 k! >> we need to stop the job killing tax hikes and also cut spending, now. >> republicans cannot want to play ball. no more higher taxes on any one or the rich. they say that this ideology should the government as small as possible the rich are as old as governments possible. the main spokesperson is this man, grover norquist. the americans for tax reform. he was almost regenerating all signs from republicans, signatures -- from republicans. this became 2011, when it came to we had the demanded that it reduce the deficit. because of the d
. >> houses of congress have passed the package of tax relief. this will impact the middle-class. the one those cuts were going to expire the u.s. was just emerging from the worst recession since the great depression. he agreed to extend those tax cuts for two more years for congress to extend federal emergency unemployment benefits. those costs are expensive. extending those to 2020, the bush era will be responsible for over one half of the total national debt. democrats insist that tax...
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Dec 31, 2012
12/12
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KGO
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. >>> happening now, congress is trying to get out of political gridlock to pass a bill the president will sign before the clock strikes midnight, without within the new year rings in automatic tax hikes for all americans plus deep cuts in federal spending. things are quiet on capitol hill now. both houses taking an overnight break, coming up in two hours, senators will resume their efforts. last night senate leaders called on vice presidented by tone try and broker an ice break we are house -- >>> leaders of both parties in the house and senate have reached a deal on one thing, they've agreed to extend 2008 farm bill for one more year that bill expired in october. milk prices could have doubled to $7 a gallon next month if lawmakers had not extended it. the deal prevents the government from returning to a 1948 formula, some called it the dairy cliff. >>> back here concord believe a street racing teenager lost control of his car and slammed into the lobby of a concord funeral yesterday. the driver was racing a car on clayton street, his car smashed through the front of the funeral cha
. >>> happening now, congress is trying to get out of political gridlock to pass a bill the president will sign before the clock strikes midnight, without within the new year rings in automatic tax hikes for all americans plus deep cuts in federal spending. things are quiet on capitol hill now. both houses taking an overnight break, coming up in two hours, senators will resume their efforts. last night senate leaders called on vice presidented by tone try and broker an ice break we are...
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Dec 31, 2012
12/12
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and there's also a possibility that the new congress can pass a deal but it's just hard to tell what's going to happen. >> what will the senate do if the president can't come up with an agreement? >> well, the president has already said that if there is no agreement today, he will ask senate majority leader harry reid to bring to a vote his plan and that plan is to save those bush-era tax cuts for the middle class and also to save those unemployment benefits. he says he wants a straight "up" or "down" vote and if there are republicans who do not want this plan, they can vote no but he says the pickup has a right to know who is holding up tax breaks for the middle class. >> getting interesting. the market was down all five days last week although it was off christmas and lord knows it will go down if they don't get this thing figured out. danielle nottingham live in d.c., thank you. >>> and remember, you can keep tabs on the "fiscal cliff" talks 24/7 by logging on to our cbs5.com website. >>> a new health problem for secretary of state hillary clinton. she has a blood clot. she is in th
and there's also a possibility that the new congress can pass a deal but it's just hard to tell what's going to happen. >> what will the senate do if the president can't come up with an agreement? >> well, the president has already said that if there is no agreement today, he will ask senate majority leader harry reid to bring to a vote his plan and that plan is to save those bush-era tax cuts for the middle class and also to save those unemployment benefits. he says he wants a...
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Dec 31, 2012
12/12
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KTVU
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. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would have to vote on it. kyla campbell, ktvu channel 2 news. >>> 7:16. even if congress avoids the flip, your paycheck will still be smaller in 2013. that's because a temperature reduction in the social security payroll tax expires today. starting in january, workers will, once again, have 6.2% of their wages withheld to pay for social security. that's up from the 4.2% rate that's been in effect for the past two years. people making $50,000 will get about $83 a month less in their paychecks. >>> 7:16. a new report from the u.s. senate on the attack on the u.s. consue rit in -- on the u.s. consulate in libya is blaming the u.s. for not having a state department to respond. the senate report says in the future, the state department should determine if it can provide tough security for diplomats and -- provide enough security for diplomats and where it cannot, americans need to be removed from the postings. >>> hillary clinton is in a new york hospital being treated for a b
. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would have to vote on it. kyla campbell, ktvu channel 2 news. >>> 7:16. even if congress avoids the flip, your paycheck will still be smaller in 2013. that's because a temperature reduction in the social security payroll tax expires today. starting in january, workers will, once again, have 6.2% of their wages withheld to pay for social security. that's up from the...